They delivered 345 cars of their new “downscale” model in November (estimated- Unlike traditional carmakers they don’t release their monthly sales until their quarterly report) while Chevy Volt sold nearly 3,000.

Not short yet. But I’ve got the cash poised for a 90% drop.

by Anonymous

reply 8

12/04/2017

R7

The reporting by the group of physicist studying the tesla semi is hysterical.

When math nerds are explaining why your radically inefficient and oversized batteries are incapable of doing what you claim they can do, you should probably listen.

by Anonymous

reply 9

12/04/2017

Amazon didn’t make a profit for over a decade, IIRC, so they have time.

by Anonymous

reply 10

12/04/2017

[quote]Idiot Libertarian

Redundant

by Anonymous

reply 11

12/04/2017

Tesla – which lost $619 million in Q3 – delivered only 3,590 vehicles in November in the US, down 18% from a year ago.

There are all kinds of interesting aspects about this.

One: 3,590 vehicles amounts to a market share of only 0.26%, of the 1,393,010 new cars and trucks sold in the US in November. Porsche outsold Tesla by 55% (5,555 new vehicles).

Two: Tesla doesn’t report monthly deliveries. It wants to play with the big boys, but it doesn’t want people to know on a monthly basis just how crummy and by comparison inconsequential its US sales numbers are. Opaque and dedicated to hype, it refuses to disclose how many vehicles it delivered that month in the US. So the industry is estimating Tesla’s monthly US sales.

Tesla discloses unit sales data in its quarterly earnings reports, long after everyone has already forgotten about the months in which they occurred.

Three: So how are Model 3 sales doing? Since Tesla doesn’t disclose its monthly deliveries in the US, the industry is guessing. The assembly line still isn’t working. “Manufacturing bottlenecks,” as Tesla calls it, and “manufacturing hell,” as Elon Musk calls it, rule the day.

Four: This is where hype goes to die. In February 2017, Tesla hyped these Model 3 production numbers for 2017:

Our Model 3 program is on track to start limited vehicle production in July and to steadily ramp production to exceed 5,000 vehicles per week at some point in the fourth quarter and 10,000 vehicles per week at some point in 2018.

November is solidly in the fourth quarter. 5,000 vehicles per week would mean over 20,000 a month. OK, this is November and not December, so maybe 4,000 a week for a total of 16,000. We got 345.

Even if the estimate of 345 is off by 100 units up or down, it doesn’t even matter. And December isn’t looking much better. Because there is still no mass-produced Model 3.

by Anonymous

reply 12

12/04/2017

Five: The bestselling Model S isn’t best-selling anymore. Inside EVs estimates that Tesla delivered 1,335 Model S in the US. This was far outpaced by the humble Model-3-killer the Chevy Bolt. GM sold 2,987 Bolts in November. Tesla is also estimated to have delivered 1,875 Model X SUVs in the US. It took the Model S and the Model X combined to beat the humble Bolt.

Six: The unglamorous Model-3-killer is number one. The Chevy Bolt faces no “production bottlenecks” and no “manufacturing hell.” It was rolled out gradually, starting in October 2016 in California and Oregon, with other states being added to the distribution plan over time. By August 2017, the Bolt was available in all states. By September, 2,632 Bolts were sold in the US; in October 2,781; and in November 2,987.

The Bolt became the best-selling EV in October and retained that crown in November. Nothing was even close. November was the ninth month in a row of rising sales, as it should be for a brand-new vehicle line. GM has sold 20,070 Bolts so far this year.

Seven: But the Bolt is just a flyspeck for GM. It’s something to build the foundation for a larger shift to EVs. It represented just 1.2% of GM’s total deliveries in the US in November. EVs are still just a niche product. And yet, even this flyspeck crushed every Tesla model without fanfare.

Every automaker is preparing a lineup of EVs. Unlike Tesla, they have their supply chains down pat, and they know how to get their assembly lines to function, and they know how to mass-produce vehicles. There are already about two dozen EV models on the market in the US. Like GM, these automakers are just using their EVs to lay the groundwork for the broader shift.

Tesla has used two years of hype surrounding the Model 3 as a way to boost its share price. This allows it to raise many more billions by selling more ludicrously overpriced shares to gullible investors, and by selling more debt to institutional investors who believe that Tesla’s ability to sell still more ludicrously overpriced shares to gullible retail investors will in effect guarantee the junk-rated debt they just bought. Few companies have ever been able to perform that scheme at this masterful level.

by Anonymous

reply 13

12/04/2017

OP, this is exactly what they said about Amazon back in the day.

by Anonymous

reply 14

12/04/2017

R11 = fascist

by Anonymous

reply 15

12/04/2017

op = Bill Ackman trying to move on.

by Anonymous

reply 16

12/04/2017

R14

Amazon has a functional product.

Tesla has expensive toys.

by Anonymous

reply 17

12/04/2017

R17, I have to pipe-in here. Tesla has expensive toys until they get their manufacturing line optimized. Then they will have an electric Car. Do you still have a horse?

by Anonymous

reply 18

12/04/2017

R17, Amazon was built from the ground up. Initially it only sold books.

by Anonymous

reply 19

12/04/2017

[quote]Idiot Libertarian

[quote]Redundant

This one is a special kind of stupid, R11. He's been around here for over a decade, posting some of the dumbest drivel you've ever seen. Even for Libertarians, he's in a class by himself.

by Anonymous

reply 20

12/04/2017

[quote]op = Bill Ackman trying to move on.

Nah, it's just our usual resident Idiot Libertarian Troll, who's got some kind of hate on for Musk. Nobody knows why but he's posted several threads on this over the past year or so.

His reply at r12, by the way, was quoting the linked article. He never has been able to figure out that you need to cite what you're copying and pasting.

by Anonymous

reply 21

12/04/2017

R19

Are you retarded?

Comparing AMZN to TSLA is laughable

by Anonymous

reply 22

12/04/2017

[quote][R17], Amazon was built from the ground up. Initially it only sold books.

Now it sells everything.

by Anonymous

reply 23

12/04/2017

How old are you, r22?

by Anonymous

reply 24

12/04/2017

The stock market isn't going to crash in Trump's first term. If he chooses not to run again or loses it will definitely crash after 2021 and it may crash during his second term.

by Anonymous

reply 25

12/04/2017

If he chooses not to run?.. You lost all credibility on that.

by Anonymous

reply 26

12/05/2017

Tesla stock is up 2.25% today. I know a day doesn’t mean much, but that a big bump, nonetheless.

by Anonymous

reply 27

12/06/2017

OP, brought to you by the fossil fuel industry.

By mid-century electric cars will be dominate. Almost everyone realizes this. And thanks to Trump and company, China will own this industry.

by Anonymous

reply 28

12/06/2017

Tesla and Amazon are both executing long-term strategic plans explained by their founding CEOs in earnings calls and shareholder letters. Tesla can withstand years of P&L “failure” while it builds the future of energy and transport infrastructure.

by Anonymous

reply 29

12/06/2017

R29

Only as long as people keep lending Tesla money. A quarter billion per quarter in cash burn is unsustainable.

They have enough money for eight more months of operations support they need to bag investors for another round.

by Anonymous

reply 30

12/06/2017

Tesla had a window with the Model 3 to be the star of the EV market, but that time period is closing quickly. The Chevy Bolt is nearing sales of 3,000 units per month, and the next generation Leaf is now being produced in the US with dealerships getting them as early as next month. Early demand was strong, with over 9,000 orders in Europe and Japan in less than two months, which is significant because the Model 3 won't get to those markets for quite some time. I'm not even sure Tesla knows when certain deliveries are going to happen, because as the image below shows, the Model 3 page shows very conflicting information. They failed to update the part below "12-18 months", so how can someone who is reserving a vehicle for delivery a year or more out expect to get it in mid 2018? The only way that happens if is demand completely falls off a cliff.

—

So is the month of December going to be Tesla's last stand? While it appears regular customers are about to start receiving deliveries, will it be enough progress when Tesla announces its quarterly figures in the first few days of January? With the Bolt selling strong, the Leaf about to go on sale in the US, and a variety of other competitors not too far off, Tesla's window appears to be closing. With cobalt prices and interest rates rising, Tesla's profitability and cash flow concerns will only be heightened.

by Anonymous

reply 31

12/07/2017

Wow! Up 4.4% today!

by Anonymous

reply 32

12/11/2017

Shorties getting nervous.

by Anonymous

reply 33

12/11/2017

Tesla is a $cam financed by YOU the tax-slaver. It has made a zillionaire out of the politically well-connected creepy who heads it and it would not even exist were it not for YOU the tax-slaver subsidizing it!

by Anonymous

reply 34

12/11/2017

Tesla will tank when Solid-state batteries hit the market in 4/5 years time.

by Anonymous

reply 35

12/11/2017

R34 As if we're not subsidizing the oil industry by the trillions! And even the electric car subsidies are going away soon, thanks to the Kochs and all you deplorables who keep those pigs rich for some self-destructive reason. Thanks to China, ICE cars are going away for good.

R35 Nah, that'll give them even greater range and companies are stumbling over themselves ordering their Semis, which only enter producton two years from now. Ain't no one beating Tesla and Panasonic at the battery game.

by Anonymous

reply 36

12/11/2017

As if we're not subsidizing the oil industry by the trillions!

How is that?....Please clarify.

by Anonymous

reply 37

12/11/2017

R37 - The wars in the Middle East for starters. This is all about keeping the oil flowing.

by Anonymous

reply 38

12/11/2017

Well, the only way to stop wars is to cut off the financing, which means ending the Federal government's power to borrow money. Sadly, the USA is controlled by a collectia of satanist criminal conspiracies so this will never happen.

When the people are taxed to pay for wars the wars will stop because the people will not tolerate the drain of their money.

by Anonymous

reply 39

12/11/2017

The Mercury News reported (via the Probes Reporter) that Tesla was under an SEC investigation related to the Model 3 and could still be.

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